Shoppers across UK see spending power increase again, topping pre-COVID numbers
Families across the UK are doing better financially than they were prior to the COVID-19 pandemic, according to a new report released by supermarket chain Asda. Households from London to Scotland and the East Midlands are enjoying a double-digit growth in disposable income as inflation continues to remain low at 1.7%. In fact, Asda’s quarterly […]
How UK retailers are responding to rising demand for online supermarket shopping
The numbers of consumers turning to online shopping during the first year of the COVID-19 pandemic was not surprising given lockdowns throughout the UK. However, once the nation fully opened up, it would have been natural for online orders to ebb. That hasn’t happened. Asda reported this week that its online grocery sales last year […]
Asda: All UK supermarket shoppers are seeing income gains, but one group is still struggling
Consumers have more spending power at grocery stores than last year, thanks to rising income levels decelerating inflation. In fact, Asda’s most recent Income Tracker showed that average families are earning £31.33 per week more than they did a year ago. Their take-home pay, a more than 15% boost year over year, is the best […]
Asda, Stewarts prep for Wimbledon by serving up millions of strawberries
With the summer solstice upon us and Wimbledon fast approaching, retailers have been preparing for shoppers to storm produce shelves looking for strawberries. Asda says it is fully prepared thanks to its partnership with Scotland grower Stewarts of Tayside, which is delivering to the retailer a robust 5.3 million pieces of the plump fruit this year. […]
TDR Capital takes ownership control of Asda after Issa brother sells stake
Private equity firm TDR Capital LLP has taken control of supermarket chain Asda after Zuber Issa split with brother and co-owner Moshin Issa and sold off his stake in the company. TDR Capital now owns 67.5% of Asda, while Moshin has 22.5% and Walmart the other 10%. The deal is expected to be finalized in […]
Good news for retailers: Lower-income families saw significant rise in income in February
The lowest-earning British families saw a growth in disposable income in February for the first time in two and a half years. However, that positive development, revealed in Asda’s monthly Income Tracker, was tempered by this news: Those families still don’t have enough cash to make ends meet. They are still short £68 every month […]
Why 13.13 is a positive number for British consumers and the grocery stores they shop
How lucky is the number 13? Well, for British consumers – beset by inflation, a pandemic and ‘less-is-more’ offerings from retailers and restaurants since 2019 – as long as it isn’t negative, it must be good news. Indeed it is. The latest data presented by Asda in its Income Tracker, shows that family spending power […]
Income tracker, spending boost by UK consumers hints to more positive signs for retailers
According to the latest Income Tracker from retailer Asda, consumers in the UK saw an increase in spending power over the four weeks ending in 2023, a positive sign heading through the beginning of the new year. In fact, the latest figures from December are the best they’ve been since September 2021, when the COVID-19 […]
